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Bitcoin cash is fast becoming one of the most recognizable cryptocurrencies and one that its supporters insists is what the original bitcoin was intended to offer (low fees being one). As more and more online casinos begin accepting this cryptocurrency, many of our readers have been asking how to deposit and receive winnings gambling online with bitcoin cash.
First you will need to set up your secure bitcoin cash wallet.
Using the Bitcoin.com Wallet to manage Bitcoin Cash
- Bitcoin.com’s software wallet supports both Bitcoin Core (BTC) and Bitcoin Cash (BCH). Follow the steps below to create a Bitcoin Cash wallet:
- Download the Bitcoin.com Wallet
- Tap the “+” in the Wallets menu on the Home screen
- Select “New personal wallet”
- Edit the Wallet Name to whatever you prefer, e.g. “BCH Wallet”
- Tap the toggle button in the “Bitcoin Cash” field to activate and make this a BCH wallet
- Tap “Create new wallet”
- Backup wallet seed phrase
Some of you may be wanting to import your Bitcoin Cash balance from other wallets. This works the same way as importing Bitcoin and other cryptocurrencies from one wallet to another.
Moving Money Between Wallet, Online Casino and Bank Account
You will simply link your bank account or PayPal account to a cryptocurrency exchange. Bitcoin.com offers a recommended list of current online exchanges. Understand the terms BUY and SELL when converting your regular currency such as US Dollars or Euros into bitcoin cash. The money is now in the exchange and ready to be transferred to your Bitcoin.com wallet. Wait for that bitcoin cash to show up in your Bitcoin.com wallet. This is no different than if you were traveling abroad and were able to convert US Dollars into Euros online as opposed to an airport kiosk.
Once you have set up an account with the online casino that accepts bitcoin cash, an address will be generated for your next transaction. Simply copy this address into your e-wallet and instantly credit your account, or you can also deposit by scanning the QR code.
Withdrawing money you will follow similar instructions but in reverse.
Never store bitcoin cash in the exchange. The exchange should only be used to convert bitcoin cash into the currency of your choice.
Bitcoin Games is a site that accepts bitcoin cash. It is similar to the easy-to-play card games on your phone, only you can win with a provably fair online platform.
- Aaron Goldstein, Gambling911.com
